Hsbc Holdings PLC Reduces Stock Holdings in Teradyne, Inc. (NASDAQ:TER)

Hsbc Holdings PLC lowered its position in Teradyne, Inc. (NASDAQ:TER) by 1.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 547,090 shares of the company’s stock after selling 6,971 shares during the quarter. Hsbc Holdings PLC’s holdings in Teradyne were worth $81,115,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Mitchell & Pahl Private Wealth LLC increased its position in Teradyne by 1.1% during the 2nd quarter. Mitchell & Pahl Private Wealth LLC now owns 7,244 shares of the company’s stock worth $1,074,000 after purchasing an additional 79 shares in the last quarter. Blair William & Co. IL increased its position in Teradyne by 0.6% during the 1st quarter. Blair William & Co. IL now owns 15,004 shares of the company’s stock worth $1,693,000 after purchasing an additional 83 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its position in Teradyne by 17.3% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the company’s stock worth $97,000 after purchasing an additional 96 shares in the last quarter. Wealth Alliance increased its position in Teradyne by 3.3% during the 2nd quarter. Wealth Alliance now owns 3,044 shares of the company’s stock worth $451,000 after purchasing an additional 98 shares in the last quarter. Finally, Quent Capital LLC increased its position in Teradyne by 6.0% during the 2nd quarter. Quent Capital LLC now owns 1,868 shares of the company’s stock worth $277,000 after purchasing an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Teradyne Trading Up 4.7 %

NASDAQ:TER opened at $133.82 on Friday. The firm has a market capitalization of $21.84 billion, a price-to-earnings ratio of 50.88, a PEG ratio of 2.62 and a beta of 1.49. Teradyne, Inc. has a 1-year low of $81.07 and a 1-year high of $163.21. The business’s fifty day moving average price is $132.73 and its 200 day moving average price is $127.98.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, July 24th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.09. Teradyne had a return on equity of 18.77% and a net margin of 18.33%. The company had revenue of $729.88 million for the quarter, compared to analyst estimates of $701.20 million. During the same period in the prior year, the firm posted $0.79 EPS. The business’s revenue was up 6.6% compared to the same quarter last year. Equities analysts forecast that Teradyne, Inc. will post 3.02 earnings per share for the current year.

Teradyne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Thursday, September 5th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.48 annualized dividend and a dividend yield of 0.36%. Teradyne’s dividend payout ratio (DPR) is presently 18.25%.

Wall Street Analysts Forecast Growth

TER has been the topic of a number of research analyst reports. KeyCorp raised their price target on Teradyne from $160.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, July 12th. Citigroup decreased their price target on Teradyne from $185.00 to $162.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. The Goldman Sachs Group raised their price target on Teradyne from $118.00 to $161.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. Stifel Nicolaus raised their price target on Teradyne from $100.00 to $150.00 and gave the stock a “hold” rating in a research note on Tuesday, July 16th. Finally, Craig Hallum lowered Teradyne from a “buy” rating to a “hold” rating and set a $124.00 price objective on the stock. in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Teradyne currently has a consensus rating of “Hold” and a consensus price target of $141.50.

Insider Transactions at Teradyne

In other news, CFO Sanjay Mehta sold 6,153 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total transaction of $818,718.18. Following the completion of the sale, the chief financial officer now owns 35,834 shares in the company, valued at approximately $4,768,072.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO Sanjay Mehta sold 6,153 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $133.06, for a total transaction of $818,718.18. Following the completion of the sale, the chief financial officer now owns 35,834 shares in the company, valued at approximately $4,768,072.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the sale, the chief executive officer now owns 83,816 shares of the company’s stock, valued at approximately $10,896,080. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,483 shares of company stock worth $1,383,031. 0.36% of the stock is owned by corporate insiders.

About Teradyne

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.